Workiva (NYSE:WK) Releases Q4 2024 Earnings Guidance

Workiva (NYSE:WK) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.310-0.340 for the period, compared to the consensus estimate of 0.340. The company issued revenue guidance of $194.0 million-$196.0 million, compared to the consensus revenue estimate of $192.4 million. Workiva also updated its FY 2024 guidance to 0.930-0.960 EPS.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. StockNews.com downgraded Workiva from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Northland Securities cut their target price on Workiva from $106.00 to $95.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Workiva has a consensus rating of “Moderate Buy” and a consensus price target of $95.00.

Workiva Stock Performance

Shares of NYSE WK traded up $5.16 during trading on Wednesday, hitting $87.63. The company had a trading volume of 1,047,367 shares, compared to its average volume of 370,661. The company has a market cap of $4.84 billion, a P/E ratio of -49.98 and a beta of 1.05. Workiva has a 52 week low of $65.47 and a 52 week high of $105.00. The business’s 50-day moving average is $77.92 and its 200 day moving average is $76.97.

Insider Buying and Selling at Workiva

In other Workiva news, EVP Michael D. Hawkins sold 2,761 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $74.60, for a total transaction of $205,970.60. Following the sale, the executive vice president now directly owns 49,887 shares of the company’s stock, valued at $3,721,570.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.86% of the company’s stock.

About Workiva

Workiva Inc, together with its subsidiaries, provides cloud-based reporting solutions in the United States and internationally. The company offers Workiva platform, a multi-tenant cloud software that provides data linking capabilities; audit trail services; administrators access management; and allows customers to connect data from multiple enterprise resource planning, human capital management, and customer relationship management systems, as well as other third-party cloud and on-premise applications.